Boardroom briefing: nine qualities managers want to see in employees, sleep and entrepreneurs, and new challenges for the oil market

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Nine qualities every employee should to try to cultivate, sleep could be the secret to successful ventures, and challenges the oil market faces after the attacks in Saudi Arabia. Readings from around the world on business, leadership and management.

US$10 billion Papua LNG project to go ‘full steam ahead’ in Papua New Guinea

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Papua New Guinea’s Petroleum Minister has announced that the government will honour a gas deal struck with French major Total SA for the US$10 billion Papua LNG project. The project will be the single largest foreign investment in the Pacific country since the advent of the US$19 billion PNG LNG project a decade ago.

Changes to Papua New Guinea’s Mining Act ‘imminent’

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Proposed changes to the Mining Act are likely to go to Papua New Guinea’s Cabinet ‘in the next few weeks,’ according to Peter Graham, Managing Director of Ok Tedi Mining.

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People moves: Oil Search Ltd, Internal Revenue Commission

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Oil Search Ltd appoints a new Group Secretary and the Internal Revenue Commission announces a Commissioner General.

Papua New Guinea government to ‘stand behind’ Papua LNG gas agreement

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Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.

People moves: Trukai Industries, Oil Search

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Trukai Industries welcomes a General Manager, Sales and Marketing, and Oil Search announces four new appointments.

In brief: Oil Search cuts 2019 capital spending budget and other business stories

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Oil Search has cut its 2019 capital spending budget, delays in the Wafi-Golpu project has lead to job loss, and Bank South Pacific reports liquidity in Papua New Guinea’s banking sector has decreased. Your weekly digest of business news.

In brief: Port Moresby Stock Exchange changes its name and other business stories

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Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.

Review of Papua LNG project will solve ‘misunderstandings,’ says Prime Minister

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Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.